Word: pensioneer
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...Committee found that the primary goal of the University's announced changes to pension contributions were to save money, that the faculty pension line had not been a considerable increase in rising benefit costs and that the University was not forced by legal requirements to make the changes...
...also found that the pension plans are not over-founded...
...noted that professors were likely not to object to the affect on their salaries because pension contributions are tax-exempt...
Faculty complaints have centered on the proposed pension reductions and the lack of Faculty participation in the review process. The Task Force on Benefits, which proposed the changes, was headed by former Provost Jerry R. Green and consisted entirely of administrators...
...that, problems such as the recent uproar over pension cuts and changes in health insurance for the Faculty of Arts and Sciences will probably recur as the president is forced to trim budgets and allocate what he terms increasingly scarce resources...